Before around 2.5 or 2 billion years ago,
atmospheric oxygen levels were very low. Then, around
2 billion years ago there was a sudden boom in the
amount of oxygen (O2) in the atmosphere.
http://www.ecologicalpsychology.com/perception1.html
CO2 in the atmosphere is dropping at the same time.
At least some of this atmospheric carbon was
probably becoming incorporated in the biosphere.